Colleen M. O'Sullivan - 04 Mar 2025 Form 4 Insider Report for ZEBRA TECHNOLOGIES CORP (ZBRA)

Role: Chief Accounting Officer
Signature: /s/ Cristen Kogl, Attorney-In-Fact
Issuer symbol: ZBRA
Transactions as of: 04 Mar 2025
Net transactions value: +$230,130
Form type: 4
Filing time: 06 Mar 2025, 17:48:04 UTC
Previous filing: 07 Feb 2025
Next filing: 06 May 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZBRA	Class A Common Stock	Award	$230,130	+750	+12%	$306.84	6,777	04 Mar 2025	Direct
holding	ZBRA	Class A Common Stock						6,027	04 Mar 2025	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	ZBRA	Stock Appreciation Right						816	04 Mar 2025	Class A Common Stock	816	$205.12	Direct	F1
holding	ZBRA	Stock Appreciation Right						658	04 Mar 2025	Class A Common Stock	658	$244.97	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Of the stock appreciation rights subject to this SAR, 204 vest on May 2, 2020, 204 vest on May 2, 2021, 204 vest on May 2, 2022 and 204 vest on May 2, 2023.
F2	Of the stock appreciation rights subject to this SAR, 164 vest on April 30, 2021, 164 vest on April 30, 2022, 165 vest on April 30, 2023 and 165 vest on April 30, 2024.